Louisiana State Employees Retirement System Has $611,000 Position in Cardtronics PLC (NASDAQ:CATM)

Louisiana State Employees Retirement System maintained its stake in Cardtronics PLC (NASDAQ:CATM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,600 shares of the business services provider’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Cardtronics PLC were worth $611,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Cardtronics PLC by 134,627.3% in the first quarter. BlackRock Inc. now owns 5,413,341 shares of the business services provider’s stock worth $253,074,000 after buying an additional 5,409,323 shares during the period. Vanguard Group Inc. boosted its stake in Cardtronics PLC by 13.0% in the first quarter. Vanguard Group Inc. now owns 5,359,006 shares of the business services provider’s stock worth $250,534,000 after buying an additional 616,530 shares during the period. Clearbridge Investments LLC boosted its position in shares of Cardtronics PLC by 78.0% in the first quarter. Clearbridge Investments LLC now owns 1,437,553 shares of the business services provider’s stock valued at $67,206,000 after buying an additional 629,729 shares during the last quarter. Snyder Capital Management L P boosted its position in shares of Cardtronics PLC by 15.6% in the first quarter. Snyder Capital Management L P now owns 1,183,006 shares of the business services provider’s stock valued at $55,306,000 after buying an additional 159,694 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Cardtronics PLC by 16.0% in the first quarter. State Street Corp now owns 1,149,751 shares of the business services provider’s stock valued at $53,754,000 after buying an additional 158,478 shares during the last quarter.

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Shares of Cardtronics PLC (NASDAQ CATM) opened at 25.40 on Friday. Cardtronics PLC has a 12-month low of $25.32 and a 12-month high of $56.00. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 17.53 and a beta of 0.75. The company’s 50-day moving average price is $30.15 and its 200 day moving average price is $38.47.

Cardtronics PLC (NASDAQ:CATM) last released its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. The business had revenue of $385.11 million for the quarter, compared to analysts’ expectations of $379.03 million. Cardtronics PLC had a return on equity of 28.23% and a net margin of 4.83%. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 EPS. On average, equities research analysts forecast that Cardtronics PLC will post $2.84 EPS for the current fiscal year.

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CATM has been the subject of several research analyst reports. Bank of America Corporation reduced their price objective on Cardtronics PLC from $48.00 to $40.00 and set a “neutral” rating for the company in a research note on Friday, July 7th. ValuEngine cut Cardtronics PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet cut Cardtronics PLC from a “b” rating to a “c+” rating in a research note on Monday, May 8th. BidaskClub cut Cardtronics PLC from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Finally, Zacks Investment Research cut Cardtronics PLC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $46.17.

In other Cardtronics PLC news, EVP Phillip Pilsuh Chin sold 825 shares of the stock in a transaction on Monday, June 19th. The stock was sold at an average price of $34.03, for a total transaction of $28,074.75. Following the sale, the executive vice president now owns 2,469 shares in the company, valued at approximately $84,020.07. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jonathan Simpson-Dent sold 18,721 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $34.24, for a total value of $641,007.04. Following the sale, the insider now owns 16,792 shares in the company, valued at approximately $574,958.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,546 shares of company stock worth $770,512. 1.20% of the stock is owned by insiders.

Cardtronics PLC Company Profile

Cardtronics plc, formerly Cardtronics, Inc, provides automated consumer financial services through its network of automated teller machines (ATMS) and multi-function financial services kiosks. The Company’s operations consists of its North America, Europe, and Corporate & Other segments. Its ATM operations in the United States, Canada, Mexico and Puerto Rico are included in its North America segment.

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